Seeking Large Returns in Medium-Sized Stocks

Baron Asset Fund's Andrew Peck is bullish on the shares of several asset managers. Energy stocks are another story.

By

Johanna Bennett

Updated March 16, 2010 12:01 a.m. ET

ANDREW PECK SAYS IT PAYS TO BE PATIENT.

The manager of the $2.8 billion Baron Asset Fund (ticker: BARAX) seeks stocks that can at least double in value over the next four or five years. But the 40-year-old investment pro, who assumed full control of the portfolio in January 2008 when fund founder Ron Baron stepped down as co-manager, has very specific criteria when it comes to picking stocks.